This guidance is being sent to Money Service Businesses (MSBs) with a copy of the first direction issued under the Counter Terrorism Act 2008 Schedule 7 which affects them and will shortly be included in Public Notice MLR8: Preventing money laundering and terrorist financing.
If you have known somebody as a close relative for 40 years do you still need to ID him before accepting instructions?
AccountingWEB.co.uk 22-Apr-2009
A LIVERPOOL gang behind a massive Scottish drugs farm was stripped of thousands of pounds. John Fitzgibbon, 60, and Michael Fairhurst, 44, ran the sophisticated cannabis operation for more than two years. The Serious and Organised Crime Agency (SOCA) raided the farm on the north-east coast of Scotland in the spring of 2007. Officers took the pair and a third man, Richard Ford, 60, to Liverpool crown court to claw back as much money as possible using the Proceeds of Crime Act. The three were stripped of a total of almost £140,000 during the two-day hearing.